Piccadily Agro Industries Limited has announced a board meeting scheduled for February 6, 2026, to consider the allotment of equity shares under its Employee Stock Option Plan 2024. The company informed stock exchanges about this development through a regulatory filing dated February 3, 2026.

Board Meeting Details

The board meeting will focus on approving the allotment of equity shares to eligible employees who have exercised their stock options under the company's ESOP scheme. The meeting has been convened in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Implementation

The proposed allotment involves 2092 equity shares of Rs.10 each, which will be allocated to eligible employees and grantees who have exercised their options under the Piccadily Agro Employee Stock Option Plan 2024. This represents the company's commitment to employee participation in its growth through equity ownership.

Regulatory Compliance

The company has duly informed both BSE Limited and National Stock Exchange of India Limited about the upcoming board meeting. Company Secretary and Compliance Officer Niraj Kumar Sengal signed the regulatory communication, ensuring proper adherence to listing obligations and disclosure requirements.

The notification serves as prior intimation to stock exchanges, maintaining transparency in corporate governance and keeping stakeholders informed about significant corporate actions related to employee stock option schemes.

Piccadily Agro Industries Limited has granted 2,690 stock options to eligible employees under its Employee Stock Plan 2024. The Nomination and Remuneration Committee of the Board of Directors approved this grant during their meeting held on 24.01.2026, as communicated to BSE and NSE under Regulation 30 of SEBI Listing Regulations.

Stock Option Grant Details

The company has provided comprehensive details of the stock option grant as required under regulatory guidelines:

Vesting and Exercise Framework

The stock options operate under a structured timeline designed to align employee performance with company objectives. Options will vest after a minimum period of one year, subject to achievement of service or performance milestones as determined by the Nomination and Remuneration Committee.

The exercise period provides flexibility for employees, commencing from the vesting date and extending up to three years from the relevant vesting date as specified in the Letter of Grant. Each option, upon exercise, entitles the holder to one equity share of Rs. 10.00 each of the company.

Strategic Objectives

The Employee Stock Plan 2024 serves multiple strategic purposes for the organization:

• Performance Recognition: Reward employees for past good performance
• Future Motivation: Incentivize continued excellence and dedication
• Talent Retention: Attract and retain skilled professionals within the organization
• Alignment: Create alignment between employee interests and company growth

Regulatory Compliance

The stock option grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled all disclosure requirements under Regulation 30 read with Schedule III of the Listing Regulations and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The intimation has been made available on the company's website and communicated to both BSE (Code: 530305) and NSE (Scrip Code: PICCADIL) for regulatory compliance and investor information.